💹 Is market volatility your friend or foe?
🧘 The importance of market flexibility
➡️ Read more: https://bit.ly/3bHkyXo
🧘 The importance of market flexibility
➡️ Read more: https://bit.ly/3bHkyXo
Pepperstone
Is market volatility your friend or foe? The importance of market flexibility
The new decade has ushered in unprecedented volatility around the world with the outbreak of the Covid-19 Pandemic.
After a 11.9% rally in WTI crude and 13.9% in Brent crude on Friday, we watch tomorrow's futures open. Be aware that news flow suggests oil prices could gap sharply lower on the open. Consider (if it does fall) how this would affect your account - https://www.cnbc.com/2020/04/04/oil-set-to-crater-monday-as-opec-meeting-delayed-tensions-flare-between-saudi-arabia-and-russia.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter
CNBC
Oil set to 'crater' Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia
The meeting between OPEC and its allies scheduled for Monday has been postponed amid ongoing tensions surrounding production cuts.
Five things traders need to know today
📉 US stocks gave little reaction to the worst non-farm payrolls (-701k) since 2009 as it didn’t fully reflect the data after widespread shutdown. Dow closed the week 2.7% lower at 21,052.53. S&P 500 -2.08% to 2,488.65. That said, we’re seeing S&P 500 futures +2.2% in early trading today.
🛢️ WTI ($28.34) and Brent ($34.11) futures added more than 30% last week. WTI crude is paring last week‘s rally in the early session, falling 7%, as the OPEC+ emergency meeting was postponed to April 9.
🌟 Gold extended the recovery to $1615 an ounce, with the upward move capped by descendant trendline coming from March high 1703. The coronavirus cases surged beyond 1.2 million globally.
💰 The US dollar index stayed above 100, boosted by the haven demands from EM countries. The yield on 10-year Treasuries jumped to 0.62% after the Fed announced to decrease weekly bond purchasing.
💱 EUR opened lower at 1.0807 this morning after a five-session losing streak. AUD struggled around 0.60 ahead of RBA’s rate decision due April 7. GBP dropped to 1.2239 as the UK PM got hospitalized with Covid-19 symptoms. CNH weakened to 7.1098 per dollar on the reserve ratio cut.
📉 US stocks gave little reaction to the worst non-farm payrolls (-701k) since 2009 as it didn’t fully reflect the data after widespread shutdown. Dow closed the week 2.7% lower at 21,052.53. S&P 500 -2.08% to 2,488.65. That said, we’re seeing S&P 500 futures +2.2% in early trading today.
🛢️ WTI ($28.34) and Brent ($34.11) futures added more than 30% last week. WTI crude is paring last week‘s rally in the early session, falling 7%, as the OPEC+ emergency meeting was postponed to April 9.
🌟 Gold extended the recovery to $1615 an ounce, with the upward move capped by descendant trendline coming from March high 1703. The coronavirus cases surged beyond 1.2 million globally.
💰 The US dollar index stayed above 100, boosted by the haven demands from EM countries. The yield on 10-year Treasuries jumped to 0.62% after the Fed announced to decrease weekly bond purchasing.
💱 EUR opened lower at 1.0807 this morning after a five-session losing streak. AUD struggled around 0.60 ahead of RBA’s rate decision due April 7. GBP dropped to 1.2239 as the UK PM got hospitalized with Covid-19 symptoms. CNH weakened to 7.1098 per dollar on the reserve ratio cut.
⚔️⚔️ An interesting set-up on the US500 (daily). A bit of risk coming into the market today and all eyes on whether we see a break of 2646 (also the 38.2 fibo), for an extended run higher. That said, a reversal and close through 2465 could take us onto the March lows.
The battle lines are set. Trade them with Pepperstone - https://bit.ly/3aMCz6C
⚔️⚔️
The battle lines are set. Trade them with Pepperstone - https://bit.ly/3aMCz6C
⚔️⚔️
Pepperstone
Indices Trading - Trade Index CFDs | Pepperstone
Trade on the movement of 14 major stock markets around the world, including US, Europe, Australia, and Asian indices, without commission or trading desk.
Movers and shakers in major currencies as we roll into the new trading session. Short covering in ZAR, with all eyes on AUD ahead of today's RBA meeting. Our analysts expect no new announcements today, with the RBA in a period of reflection.
Five things traders need to know today
😃 US stocks surged to a three-week high on the easing virus toll. Dow increased 7.7% to 22,679.99. S&P 500 increased 7% to 2,663.68. European and Asian benchmarks closed 3%-5% higher.
🛢️ WTI crude traded at $26.50 a barrel in early session after declining 8% on Monday amidst uncertainty around supply cuts. Markets await more details from OPEC+ and G20 meeting later this week.
💛 Gold rallied to a four-week high of $1666 as the full economic outlook remains unknown. The US dollar index rose slightly to 100.87, while the yield on 10-year Treasuries climbed to 0.67%.
💶 EUR declined for the sixth consecutive day to a two-week low of 1.0792. GBP dropped to 1.2201 after PM Johnson was moved to intensive care for COVID-19 treatment. JPY weakened to 109.23. PM Abe is expected to announce a state of emergency and details of a record stimulus package.
🇦🇺 NOK led the gain in G10 currencies, jumping to 10.4220 per dollar. AUD advanced to 0.6086 ahead of trade balance (12:30 AEDT) and rate decision (15:30)
😃 US stocks surged to a three-week high on the easing virus toll. Dow increased 7.7% to 22,679.99. S&P 500 increased 7% to 2,663.68. European and Asian benchmarks closed 3%-5% higher.
🛢️ WTI crude traded at $26.50 a barrel in early session after declining 8% on Monday amidst uncertainty around supply cuts. Markets await more details from OPEC+ and G20 meeting later this week.
💛 Gold rallied to a four-week high of $1666 as the full economic outlook remains unknown. The US dollar index rose slightly to 100.87, while the yield on 10-year Treasuries climbed to 0.67%.
💶 EUR declined for the sixth consecutive day to a two-week low of 1.0792. GBP dropped to 1.2201 after PM Johnson was moved to intensive care for COVID-19 treatment. JPY weakened to 109.23. PM Abe is expected to announce a state of emergency and details of a record stimulus package.
🇦🇺 NOK led the gain in G10 currencies, jumping to 10.4220 per dollar. AUD advanced to 0.6086 ahead of trade balance (12:30 AEDT) and rate decision (15:30)
FX moves vs the AUD on the day - AUD finding buyers post-RBA statement, with the commentary sounding somewhat upbeat and giving an impression they may taper its QE program sooner-than-anticipated😱
Dive into forex scalping strategies for part-time traders in tomorrow's exclusive webinar.
📆 8 April 2020, 8:00PM AEST
Secure your spot here: https://bit.ly/3b0MGoB
✔ Scalping setups on smaller time frames
✔ How economic news can impact currency pairs
✔ Specific pattern and price action setups to keep an eye on
📆 8 April 2020, 8:00PM AEST
Secure your spot here: https://bit.ly/3b0MGoB
✔ Scalping setups on smaller time frames
✔ How economic news can impact currency pairs
✔ Specific pattern and price action setups to keep an eye on
Chart of the day: Will gold test 1700 again? Read more: https://bit.ly/34ejFTI
Pepperstone
Trading Charts | Pepperstone
Stay ahead of market moves and trade insights from our expert analysts.
An incredibly ominous hammer on the US500 daily chart (although also seen on US30 and NAS100), with the market coming well off the session high, but holding the breakout high. A lower low through Asia today could be telling.🙈
Big day of USD selling...here's moves vs the USD as we round out the session